{"data":{"id":"us-dc/d.c.-code-31-1372.05","jurisdiction":"us-dc","citation":"D.C. Code § 31-1372.05","heading":"Equity interests.","body":"(a)\nSubject to the limitations of § 31-1372.02, an insurer may acquire equity interests in business entities organized under the laws of any domestic jurisdiction.\n\n(b)\nAn insurer shall not acquire an investment under this section if, as a result of and after giving effect to the investment, the aggregate amount of investments held by the insurer under this section would exceed 20% of its admitted assets or the amount of equity interests held by the insurer that are not listed on a qualified exchange would exceed 5% of its admitted assets. An accident and health insurer shall not be subject to this section, but shall be subject to the same aggregate limitation on equity interests as a fire, casualty, and marine insurer under § 31-1373.06 and to the provisions of § 31-1373.02.\n\n(c)\nAn insurer shall not acquire under this section any investments that the insurer may acquire under § 31-1372.07.\n\n(d)\nAn insurer shall not short sell equity investments unless the insurer covers the short sale by owning the equity investment or an unrestricted right to the equity instrument exercisable within 6 months of the short sale.","path":["Title 31. Insurance and Securities.","Chapter 13A. Investments of Insurers.","Subchapter II. Life Insurers."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/31-1372.05","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"d5cb6ac46395034effac32b2a6c73677d3830663aa48ef07e04845df9195e08a","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-31-1372.04","next":"us-dc/d.c.-code-31-1372.06"},"notice":"GroundRules: Original legal text. Not legal advice."}